Download presentation
Presentation is loading. Please wait.
Published byTheresa Arnold Modified over 9 years ago
1
Economics 300 Global Economic Issues An Intro to Economics
2
We Are the Dismal Science
3
What Is Economics You know the drill—scarcity Basic questions:
4
Total government control – Government controls what is produced, how, and who gets it PLUS PLUS – Plus handing out all jobs, handing out all housing, food, telling firms what to do, setting all prices PLUS – Plus starts running industries like steel, cars, agriculture, distributing basic consumer goods like food and housing Plus – Plus provides certain programs like retirement and health care Plus Public – Night watchman plus provide some public services like roads, fire protection, education, science Night watchman state – Government provides police protection to avoid theft, enforces private contracts, assures property rights, provides national defense Total Individual Control – Individual control what is produced, and how, and who gets it
5
Which System is Best?
6
Starting Point For Our Global Economics Path Division of Labor
7
How Many Pins Can Someone Make?
8
Division of Labor: Firms
9
WOW
10
High Income Economy
Similar presentations
© 2024 SlidePlayer.com. Inc.
All rights reserved.